How do I list the games and cabinets that stay with my arcade?
Walk the floor and write down every game, cabinet, change machine and fixture, with a serial number, condition and ownership noted beside each. Mark what stays, what goes and what belongs to someone else. A clear list heads off arguments at closing.
Make the list item by item. Record the name of each game, where it stands, its serial number if you can find it, and its condition. Include the small things too: stools, signage, token machines, security cameras, storage racks and spare parts. If it matters to the buyer, put it on the page.
Then sort by ownership. Some machines may be leased, financed or placed by a supplier who shares the takings. Those cannot simply be listed as yours. Say plainly which units are owned outright and which need a third party’s agreement to move.
Share the list early and invite the buyer to walk the floor with it. Photograph each cabinet and keep copies. Keep a note of anything you want to remove before closing, such as personal items. Your lawyer will attach the final list to the sale documents, so it helps if it is already clear and complete. If a machine is not working, say so on the list rather than leaving it to be found. Buyers tend to accept a broken cabinet that was disclosed far more easily than one that was hidden.
Key takeaways
- List each item with serial number, condition and who owns it.
- Separate owned units from leased or revenue-share units.
- Walk the floor with the buyer and photograph everything.
- Note any machine that is broken so nothing is hidden.
Related reading
12 pages on the same subject, grouped by topic.
Selling
Buying
- Expert answerHow do I check a small co-packer’s list of clients and runs per month?
- Expert answerDo a restaurant’s online reviews stay with it after a sale?
- Expert answerWill a catering company’s corporate clients stay after the owner leaves?
- Expert answerWill a motel’s long-stay guests keep staying after I buy it?
- Expert answerHow can I tell if a furniture or cabinet shop is profitable before buying?
- Expert answerHow do I find a cabinet shop for sale?
- Expert answerHow do I check a kitchen cabinet shop’s reliance on builders before buying?
Succession
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaIndustryHow to sell your business
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.